BERCOWORKS
ActiveSummary
BERCOWORKS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €10k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-5
Solvency70▲+5
Growth63=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.49 in 2024; short-term debt: 45.2% and cash: 9.4% of total assets), and 55.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.8%
Return on assets
2.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €147k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
12 d late
2022
10 d late
2021
25 d late
2020
17 d late
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Turnover
€91k▲ 18.2%
2020 · €77k
EBIT margin
19.3%▼ 10.5pp
2020 · 29.8%
Net result
€10k▼ 57.2%
2024 · €22k
Working capital
€-68k▲ 22.7%
2024 · €-88k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€91k▲ 18.2%
Operating result€18k▼ 23.4%€36k▲ 104%€16k▼ 55.8%€32k▲ 102%€15k▼ 54.1%
Net result€16k▼ 10.7%€22k▲ 38.8%€9k▼ 60.5%€22k▲ 162%€10k▼ 57.2%
EBIT margin19.3%▼ 10.5pp
Equity€249k▼ 0.6%€270k▲ 8.7%€115k▼ 57.5%€137k▲ 19.5%€147k▲ 7.0%
Total assets€422k▼ 1.1%€403k▼ 4.3%€354k▼ 12.2%€345k▼ 2.6%€327k▼ 5.2%
Debt€136k▼ 1.7%€98k▼ 28.5%€205k▲ 110%€174k▼ 14.9%€148k▼ 15.2%
Working capital€48k▼ 28.7%€46k▼ 3.4%€-121k€-88k▲ 27.1%€-68k▲ 22.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €327k
Fixed assets
€247k ▼ 4.4%
Current assets
€80k ▼ 7.4%
Equity and liabilities €327k
Equity
€147k ▲ 7.0%
Provisions
€33k ▼ 3.0%
Debt
€148k ▼ 15.2%
Debt's share of the balance-sheet total falls from 50.5% to 45.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2024 · €44k
Cash flow
€21k▼
2024 · €34k
Current ratio
0.54▲
2024 · 0.49
Debt to equity
1.01▼
2024 · 1.27
ROE
6.5%▼
2024 · 16.3%
ROA
2.9%▼
2024 · 6.5%
Interest coverage
161.57▲
2024 · 73.93
Debt ≤ 1 year
€148k▼
2024 · €174k
Income taxes
€7k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €91k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €74k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €10k | €11k | €11k | €11k | = |
| Other operating charges640/8 | €2k | €3k | €1k | €3k | €3k | ▼ 1.1% |
| Gross operating margin9900 | €29k | €48k | €28k | €46k | €29k | ▼ 37.6% |
| Operating profit (loss)9901 | €18k | €36k | €16k | €32k | €15k | ▼ 54.1% |
| Financial income75/76B | €3k | €566 | €378 | €494 | €616 | ▲ 24.6% |
| Recurring financial income75 | €3k | €566 | €378 | €494 | €616 | ▲ 24.6% |
| Financial charges65/66B | €5k | €3k | €2k | €589 | €162 | ▼ 72.5% |
| Recurring financial charges65 | €5k | €3k | €2k | €589 | €162 | ▼ 72.5% |
| Profit (loss) for the period before taxes9903 | €16k | €33k | €14k | €32k | €15k | ▼ 52.5% |
| Transfer from deferred taxes780 | €1k | €1k | €1k | €1k | €1k | = |
| Income taxes67/77 | €1k | €13k | €6k | €11k | €7k | ▼ 37.8% |
| Profit (loss) for the period9904 | €16k | €22k | €9k | €22k | €10k | ▼ 57.2% |
| Transfer from tax-exempt reserves789 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) for the period to be appropriated9905 | €18k | €24k | €11k | €24k | €12k | ▼ 52.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €422k | €403k | €354k | €345k | €327k | ▼ 5.2% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €280k | €276k | €270k | €259k | €247k | ▼ 4.4% |
| Tangible fixed assets22/27 | €280k | €276k | €270k | €259k | €247k | ▼ 4.4% |
| Land and buildings22 | €279k | €275k | €266k | €256k | €247k | ▼ 3.7% |
| Plant, machinery and equipment23 | €0 | - | €3k | €2k | €559 | ▼ 70.6% |
| Furniture and vehicles24 | €1k | €677 | €1k | €684 | €45 | ▼ 93.4% |
| Current assets29/58 | €142k | €128k | €84k | €86k | €80k | ▼ 7.4% |
| Amounts receivable within one year40/41 | €52k | €17k | €5k | €9k | €5k | ▼ 43.0% |
| Trade receivables40 | €25k | €17k | €3k | €9k | €5k | ▼ 41.8% |
| Other amounts receivable41 | €28k | - | €2k | €185 | - | - |
| Current investments50/53 | €44k | €44k | €44k | €44k | €44k | = |
| Cash at bank and in hand54/58 | €36k | €59k | €35k | €33k | €31k | ▼ 7.6% |
| Deferred charges and accrued income490/1 | €10k | €8k | €434 | €234 | €311 | ▲ 32.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €422k | €403k | €354k | €345k | €327k | ▼ 5.2% |
| Equity10/15 | €249k | €270k | €115k | €137k | €147k | ▲ 7.0% |
| Contributions10/11 | €164k | €164k | - | - | - | - |
| Reserves13 | €100k | €106k | €98k | €96k | €106k | ▲ 9.9% |
| Non-distributable reserves130/1 | €16k | €16k | - | - | - | - |
| Reserves not available under the articles1311 | €16k | €16k | - | - | - | - |
| Tax-exempt reserves132 | €84k | €90k | €98k | €96k | €66k | ▼ 31.4% |
| Distributable reserves133 | - | - | - | - | €40k | - |
| Profit (loss) carried forward14 | €-15k | - | €16k | €41k | €41k | = |
| Provisions and deferred taxes16 | €37k | €36k | €35k | €34k | €33k | ▼ 3.0% |
| Deferred taxes168 | €37k | €36k | €35k | €34k | €33k | ▼ 3.0% |
| Amounts payable17/49 | €136k | €98k | €205k | €174k | €148k | ▼ 15.2% |
| Amounts payable after more than one year17 | €42k | €16k | - | - | - | - |
| Financial debts170/4 | €42k | €16k | - | - | - | - |
| Amounts payable within one year42/48 | €94k | €82k | €205k | €174k | €148k | ▼ 15.2% |
| Current portion of amounts payable after more than one year42 | €25k | €26k | €16k | - | - | - |
| Trade debts44 | €244 | €5k | - | €5k | €3k | ▼ 35.2% |
| Suppliers440/4 | €244 | €5k | - | €5k | €3k | ▼ 35.2% |
| Advances received on contracts in progress46 | - | - | - | - | €660 | - |
| Taxes, remuneration and social security45 | €7k | €16k | €8k | €8k | €7k | ▼ 18.0% |
| Taxes450/3 | €7k | €16k | €8k | €8k | €7k | ▼ 18.0% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €61k | €34k | €180k | €161k | €137k | ▼ 14.8% |
| Accrued charges and deferred income492/3 | €19 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €22k | €9k | €22k | €10k | ▼ 57.2% |
| + Depreciation and write-downs630 | €9k | €10k | €11k | €11k | €11k | = |
| Operating cash flow (approximation) | €25k | €31k | €19k | €34k | €21k | ▼ 37.7% |
| Investment in fixed assets (approximation) | - | €-6k | €-5k | €0 | €0 | - |
| Change in cash | - | €23k | €-24k | €-1k | €-3k | ▼ 78.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €22k ▲162%
Net result €22k, the highest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2006
Ground area
390 m²
Building footprint
279 m²
Volume, LiDAR
5,544 m³
Parcel 21612C0003/00N019, Brussels · tallest building 25.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
BERCOWORKS
since 20062.152.154.341
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0003/00N019 | Brussels | 390 m² | 1 · 279 m² | 25.2 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
YVES SEGERS ENTERTAINMENT
BE 0843.185.465
Haaltert · Eq €146k
KADE STRIPS
BE 0446.335.897
Beersel · Eq €149k
LANTIGI
BE 0860.712.375
Gent · Eq €145k
Chantal Bekaert
BE 0805.296.176
Zaventem · Eq €143k
QUE SERA SERA
BE 0479.893.048
Sint-Niklaas · Eq €151k
Of 8,315 companies in sector 90201 we hold annual accounts for 602. 473 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
Scores and ratios are computed by Checked and are not a credit decision.